Three weeks ago, the Federal Reserve said it planned to keep interest rates high. That's what its leadership thought was best for our economy.
Since then, however, they've made a dramatic pivot, publicly discussing the possibility of actually lowering rates.
What caused this change? Unsurprisingly, it could be political. D.C. bureaucrats know how badly Joe Biden is losing in the polls. Could they be trying to use monetary policy to save him? Businessman Jeffrey Gundlach is a good person to ask, and he joined Tucker Carlson Uncensored to give his take. This exclusive material is reserved for Team Tucker members. Click the image below to watch or sign up.
Jeffrey Gundlach tells Tucker:
“That pivot that you mentioned is so radical. I think what's going on is that interest rates have fallen at the long end of the maturity spectrum... and they've fallen to the point where they're well below where the Fed has short-term interest rates. And the Fed almost always takes notice of that, and it's gotten to be pretty extreme."
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